Income Statement

Niler Corporation reported the following after-tax information for its current fiscal year: $34,000 income from continuing operations, $8,300 income from operations of discontinued Line C, and $13,000 loss on disposal of Line C.

Starting with income from continuing operations, prepare a partial income statement for Niler for the current year. Ignore earnings per share.

NILER CORPORATION
Income Statement (Partial)
For Year Ended December 31, Current Year
Income from continuing operations		$fill in the blank 2
Results from discontinued operations
Income from operations of discontinued Line C (net of tax)	$fill in the blank 5
Loss on disposal (net of tax)	fill in the blank 7	fill in the blank 8
Net income